Proposed Provision: E3.19. Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in linearly from 2025-2030). Provide benefit credit for additional earnings taxed, using a secondary PIA formula. This secondary PIA formula involves: (1) an "AIME+" derived from additional annual earnings taxed over the current-law taxable maximum; and (2) a formula factor of 2.5 percent on this newly computed "AIME+".

OASDI Cost Rates and Income Rates
(as a percentage of taxable payroll)

  Income Rates Cost Rates
Year Current Law Provision Current Law Provision
202313.313.314.514.5
202412.912.914.914.9
202513.013.215.015.0
202613.113.515.215.2
202713.113.715.415.4
202813.113.915.615.6
202913.214.115.715.7
203013.214.315.915.9
203113.214.316.016.0
203213.214.316.116.1
203313.214.416.316.3
203413.314.416.416.4
203513.314.416.516.5
203613.314.416.616.6
203713.314.416.616.6
203813.314.416.716.7
203913.314.416.716.7
204013.314.416.816.8
204113.314.416.816.8
204213.314.416.816.8
204313.314.416.816.8
204413.314.416.816.8
204513.314.416.916.9
204613.314.416.916.9
204713.314.416.916.9
204813.314.416.916.9
204913.314.417.017.0
205013.314.417.017.0
205113.314.417.017.0
205213.314.517.117.1
205313.314.517.117.1
205413.314.517.217.2
205513.314.517.217.3
205613.314.517.317.3
205713.414.517.417.4
205813.414.517.517.5
205913.414.517.517.6
206013.414.517.617.7
206113.414.517.717.7
206213.414.517.817.8
206313.414.517.817.9
206413.414.517.917.9
206513.414.517.918.0
206613.414.518.018.1
206713.414.618.118.1
206813.414.618.118.2
206913.414.618.218.2
207013.414.618.218.3
207113.414.618.318.4
207213.414.618.318.4
207313.414.618.418.5
207413.414.618.418.5
207513.414.618.518.6
207613.414.618.518.6
207713.414.618.518.6
207813.414.618.518.6
207913.414.618.518.6
208013.414.618.518.6
208113.414.618.418.5
208213.414.618.418.5
208313.414.618.318.5
208413.414.618.318.4
208513.414.618.218.3
208613.414.618.218.3
208713.414.618.118.2
208813.414.618.018.1
208913.414.618.018.1
209013.414.617.918.0
209113.414.617.818.0
209213.414.617.817.9
209313.414.617.817.9
209413.414.617.817.9
209513.414.617.717.9
209613.414.617.717.9
209713.414.617.817.9
209813.414.617.817.9
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